In Brief
Noy Vallesina Engineering SpA (Noy Ambiente) sought enforcement of foreign arbitral awards rendered in London under ICC rules. The dispute concerned whether these awards qualified as 'foreign awards' enforceable under the Arbitration and Conciliation Act, 1996. The Supreme Court held that because the parties expressly agreed to London as the seat and English law as governing law, and because the awards were rendered before the BALCO decision, they are enforceable as foreign awards under Sections 47-48. The Court allowed the appeal, finding the arbitration agreement and awards valid and enforceable despite challenges to the seat and governing law.
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